FIRST AIR FORCE ONE (EIN 882383115) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

ROBERT CLAPPER

Phone

5408286070

Tax Period

2024-01-01 to 2024-12-31

FIRST AIR FORCE ONE, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $420K in total revenue in fiscal year 2024. Revenue surged 289% from the prior year, signaling strong growth momentum. The organization ran a surplus of $89K, a strong 21% operating margin.

Mission

RESTORATION OF THE FIRST AIR FORCE ONE TO ITS ORIGINAL GRANDEUR AS IT WAS WHEN PRESIDENT AND MRS. EISENHOWER WERE FLYING ON HER.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $418,553

Program Service Revenue $0

Investment Income $0

Other Revenue $1,500

TOTAL REVENUE $420,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,070

Fundraising Expenses $270,577

Program Expenses $48,470

Other Expenses $3,355

TOTAL EXPENSES $330,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$420,053	$108,100	+2.9%
Expenses	$330,952	$345,581	0.0%
Net Income	$89,101	$-237,481	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$69,070

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J MERLE ZOOK	TREASURER	5.00	Director	$0	$0	$0
MICHAEL STOLTZFUS	BOARD CHAIR	5.00	Director	$0	$0	$0
MARY JEAN EISENHOWER	BOARD MEMBER	5.00	Director	$0	$0	$0
BRADLEY HEITHOLD	BOARD MEMBER	5.00	Director	$0	$0	$0
RAY PALUMBO	BOARD MEMBER	5.00	Director	$0	$0	$0
GARY SOJKA	BOARD MEMBER	5.00	Director	$0	$0	$0
ROBERT STANFORD	BOARD MEMBER	5.00	Director	$0	$0	$0
MICHELLE OLSON	BOARD MEMBER	5.00	Director	$0	$0	$0
W PHIL DOUGLAS	EXECUTIVE DIRECTOR	20.00	Officer	$69,070	$0	$69,070

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$420,053	$330,952	$310,992	$89,101

FIRST AIR FORCE ONE